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The question is: who does the regulating?
It is always a "good time" to abolish regulations by involuntary governments.
I'm sure you all know by now that I spent more than 20 years as a nurse in one capacity or another, much of it as a teacher of nurses. Medicine is probably one of the most heavily regulated industries (or whatever you want to call it) and the results have been terrible for everyone.
The fact that those results continue to form the basis for ever MORE control and regulations would seem to define the real problem. At least it does for me.
It all goes right back to the question of, "who is responsible?" For those who accept individual responsibility for life, safety, etc... the answer is simple. "I am." But for those who refuse to consider personal responsibility for their lives and well being, the answer is far less clear and most will cling to anyone who will promise them safety and comfort (lack of responsibility) at someone else's expense.
They can't allow themselves to SEE the destructive results of what they demand, and then seek to fix the perceived problems (rather than the root cause) with ever more of the same.
I doubt it's much different in any other area of business.
So, when we self regulate we are able to make optimal use of our lives and property or suffer the consequences of misjudgment - which usually leads directly to better judgment next time!
Did you ever eat a green apple? Ever want to eat another one?